Nothing is going on the main crypto pairs markets. BTC and ETH pairs remain flat. Yesterday on good news from CS Team CS/BTC pair successfully broke 0.00000350 resistance level and touched 0.00000377. If 0.00000350 support level is strong enough then the second leg up to 0.00000400/ 0.00000420 zone is pretty likely early next week.
The crypto markets are in the summer doldrums. The main pairs BTC and ETH remain flat. CS/BTC pair approached 0.00000350 resistance level. Technically it`s still in very oversold condition and if 0.00000350 resistance level is broken the next target is 0.00000400/ 0.00000420 level on the upside.
It is choppy trading in crypto markets today. The main pairs BTC and ETH are very quite. As it was expected and due to good news from the CS Team CS/BTC pair bounced back from 0.00000313 level to 0.00000350 resistance level. Technically it still seems very oversold and if 0.00000350 level is broken the next target is 0.00000400/ 0.00000420 level on the upside.
Due to the weakness in BTC and ETH pairs, CS/BTC pair also declined below 0.00000350 level and is trading now close to April`s low at 0.00000338. Technically it seems oversold with RSI below 30.00 and no interest in fresh selling below 0.00000338. Support is pretty good there. Thus, it is reasonable to expect a bounce from the current level back to retest broken...